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WTI Oil skids toward December 2008 crisis low

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 14, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Sentiment towards WTI Oil received another devastating blow during trading on Friday with prices falling to yet another milestone low at $35.15 following more gloomy comments from the International Energy Agency (IEA) that oversupply conditions could actually worsen in 2016. The recent comments from IEA followed further downbeat comments from a few weeks ago that prices could stay below $80 until at least 2020. Concerns were already at alarming levels regarding the aggressive oversupply, and

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